Chainlink was noting some bullish momentum in its market in the near-term, but it still had an important level of resistance to reclaim to flip its bearish medium-term outlook to bullish. This comes after a recent report suggested that Chainlink had decoupled from Bitcoin. FTX Token rose past a level of resistance. but the market was...Read More
MicroStrategy’s $500M investment in Bitcoin, now its primary asset reserve, has consistently made the headlines for over a week. Significantly, this move was viewed as an indicator of institutional interest since it has long been considered to be an important driver of Bitcoin’s price. During the historic bull run of 2017, institutional interest was key...Read More
Chainlink and its marines are in utter disbelief after the coin dropped by 62% from its ATH in just over a month. Regardless, the marines have diamond hands and are holding their bags, especially retail. Their patience might be rewarded soon, however, as the price was pointing towards a bullish breakout soon. However, the bears...Read More
Stellar Lumens’ charts pointed to bearishness in the short-term after it was unable to scale a level of resistance. In fact, XLM has been forming lower highs for over a month, highlighting a downtrend over the longer time frame as well. STEEM too formed a bearish pattern on the charts and was poised to drop...Read More
Bitcoin has been treading higher every day and was priced at $10,700, at the time of writing. While most of the market is still hesitant due to choppy market moves, there is an upside to this. The overall market sentiment has shifted recently from being fearful to one of neutrality, after a small Bitcoin surge....Read More
Let’s face it, no one wants to buy Bitcoin. Let me explain. What I mean is, no one wants to buy Bitcoin at its current price, whatever its price may be. We always tell ourselves, “maybe tomorrow it will have fallen some more, and then I’ll buy it.” And oftentimes, tomorrow doesn’t come. However, some...Read More
Bitcoin Cash defended the all-important zone of $200 and managed to rise past $220 as well, although it remained to be seen if BCH can hold on to the gains made. Cosmos formed a bullish pattern on the charts and was likely to rise past its level of resistance. Maker also showed a near-term bullish...Read More
Bitcoin climbing to $10,700 may have been a fleeting moment since, at the time of writing, the price seemed to be dropping yet again below the aforementioned level. On a longer-term timeframe, it was bullish, but on a short-term timeframe, the price had just broken out of a bearish pattern at the time. Bitcoin 1-hour...Read More
Litecoin sailed past its level of resistance on the charts and could register some more gains in the next day or two, before facing its next resistance. Ontology could continue to show bullish momentum in the markets in the short-term. Zcash bulls showed strength too, and were likely to drive prices up in the coming...Read More
Ethereum has been very popular this year, not usually for all the right reasons, however, since network congestion and high gas costs have often kept it in the limelight. While the reason for these issues accelerating was the boom in Decentralized Finance [DeFi] protocols on Ethereum, some projects have already started to work on a...Read More
EOS has been bearish for the entirety of September, and the crypto seemed unlikely to reverse its trend, at the time of writing. VeChain‘s bulls, however, have been showing strength in the market over the past few days. Brave’s BAT made some gains over the past couple of days too, but it was unlikely to...Read More
Ethereum’s spot has remained unfazed by the expiry of nearly 460,000 ETH Options contracts on Friday. The contracts that made up for almost $450 million in Open Interest, on expiration, dropped to $342 million, as highlighted by the data provider Skew. Source: Skew Although the drop in Open Interest was normal after such a huge...Read More
Over the past ten years, crypto-exchanges have emerged to become extremely crucial, not just with regard to adoption levels, but also when it comes to directing the overall growth of the industry. The previous year saw a lot of interest in greater levels of decentralization, an interest that contributed to the DeFi boom and renewed...Read More
“Just like locking the door doesn’t guarantee the safety of your home, TrustToken’s team token lock doesn’t guarantee liquidity won’t be pulled.” This was the statement made by Jeff Kirdeikis, CEO of TrustSwap, after he took to Twitter to respond to criticism after a company, HatchDAO, allegedly used TrustToken’s technology to exit scam users by...Read More
China-based Babel Finance has been a prominent crypto-lending company for a while now. However, it has been in troubled waters recently. The trouble, in fact, came in full force after the Black Thursday crash in March. Tether trouble According to an investigative report by Colin Wu, Babel Finance was badly affected by the crypto-market crash...Read More
Cardano registered a bearish pattern on the charts, one that validated the previous pattern to some extent, before the markets shifted dramatically to spur ADA upwards. Waves was in the oversold territory and might be forced to drop further in the coming hours. Enjin, however, appeared directionless in the market as buyers and sellers each...Read More
Ethereum bounced off its level of support, but this bounce did not hint at a reversal in downtrend from the $481-highs of late-August. It is likely that this bounce will reverse itself in the coming days. Further down the crypto-ladder, Algorand broke out of its bearish trend and could be primed to surge upwards. Decred...Read More
Let’s talk about the elephant in the room. Decentralized Finance has been all the rage for the past few months, and its tokens’ prices are a testament to the excitement. But while the objective of decentralized finance is a financial world which is without a centralized authority, one administered through efficient and seamless smart contracts...Read More
ETH inflows to exchanges have dropped by 53% in less than a week, a development that may sound alarming to DeFi traders. The inflows to exchanges dropped from $3.15M on 21 September 2020 to $1.48M, at the time of writing. While a drop in ETH held on exchanges may be perceived as a bearish signal,...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price The crypto-market has been volatile since the beginning of this week, with the same resulting in price swings in either direction. At the time of writing, the prices of most major crypto-assets...Read More
Binance Coin showed signs of being on a healthy long-term uptrend as it retraced recent gains made. In the short-term also, it appeared likely to move north. Polkadot bounced off its support and might be headed for more gains, although it could also exhibit ranging action in the coming days. Verge has been in a...Read More
Bitcoin’s price has seen quite a few ups and downs over the past month, with the world’s largest cryptocurrency exerting considerable influence on the altcoin market. This hasn’t necessarily translated well for coins like XRP, a crypto that has been noting lower lows and lower highs over the past two months. While an upward breakout...Read More
Tron had been bearish over the past few weeks, but its recent surge on the charts could indicate the reversal of a downtrend. The next few trading sessions for TRX, therefore, will be crucial. NEM appeared to be at the beginning of a significant uptrend as it attempted to flip a level of resistance to...Read More
Investing efficiently in cryptocurrency and forex markets can be a tough cookie to crack. It requires years of understanding, technical analysis skills, practical experience, and a relative amount of patience. 91% of the traders in the world lose all their capital because they lack one or two of the skills mentioned above, and in the...Read More
Monero was noting a bullish divergence on the charts, with XMR trading beneath an important level of resistance, at press time. Synthetix, however, showed indecision in the markets and could see a drop in price over the next few hours. DigiByte bulls and bears were in equilibrium, but bears could force another minor pullback in...Read More
On 25 September, crypto-trading firm Alameda Research minted the largest-ever quantity of Wrapped Bitcoin [WBTC]. News of the development was shared on Twitter by WBTC, with the tweet going on to note that the mint was worth 2,317 BTC, equivalent to $25 million. Source: Etherscan In fact, Alameda Research beat the previous record set by...Read More
KuCoin, one of the world’s most prominent crypto-exchanges by trading volume, was reportedly hacked earlier today. While exact details are yet to be known, $150 million worth of funds were moved out of KuCoin to an unknown address. The unknown address in question has since been doing test transactions, with the funds still with the...Read More
The importance of this current week has been fairly downplayed. Years down the line, the global payments system might look back at this particular period and suggest that this is where it all started. Let’s jog our memories on what actually happened. In two ‘un-correlated’ announcements, the People’s Bank of China-controlled finance magazine stated the importance...Read More
The last 48 hours came as a respite to many of the market’s altcoins, especially after most were pulled down by Bitcoin’s own depreciation on the charts. Thanks to BTC’s recovery, many of these alts recovered too, with the likes of XRP, STEEM, and Ontology among them. However, whether the recent bullishness is enough to...Read More
Bitcoin has shown immense promise to the investors over the years, even though its growth may have currently been restricted due to a consolidating market. Despite the stagnated growth period, the coin has been returning 49% in YTD. Due to a strong correlation between BTC and most major alts along with other cryptocurrencies, the overall...Read More
